U.A.E. Token Sales Make It a Global Crypto Capital
- Nation accounts for more than quarter of funds raised in 2019
- Singapore and U.K. lead in the number of digital token sales
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Coming from way behind, the United Arab Emirates has just emerged as the world’s capital for sales of digital tokens, accounting for more than a fourth of all funds raised in offerings this year through early April, according to CoinSchedule.
Sales in U.A.E. amassed more than $210 million to take the crown from the market’s longtime leader, the U.S., which tumbled from first place for 2018 to seventh in recent months, according to data posted last week by CoinSchedule, which tracks the token market. Last year, the U.A.E. didn’t rank among the top 10 countries by funds raised in token sales, the data show.